MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
DIASQUA (HK) O/B DIASQUA INTERNATIONAL LTD. |
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Registered Office : |
4/F, Guardforce Centre, 3 Hok Yuen Street East, Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.03.2000 |
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Com. Reg. No.: |
709126 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Suppliers & importers of diamond & gemstones. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name
DIASQUA (HK) O/B DIASQUA INTERNATIONAL LTD.
address
4/F, GUARDFORCE CENTRE, 3 HOK YUEN STREET EAST,
HUNGHOM, KOWLOON, HONG KONG
TEL : 852 22096600
FAX : 852 22096620
EXECUTIVE SUMMARY
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NCORPORATION DATE |
20-3-2000 |
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REGISTRATION NO. |
709126 |
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REGISTERED LEGAL FORM |
PRIVATE
LIMITED CO. |
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CHIEF EXECUTIVE |
MEHTA
NIMESH PIYUSH (DIRECTOR) |
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STAFF STRENGTH |
10 |
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AUTHORIZED
CAPITAL |
HKD 20M
= 20M SHARES @ HKD 1.- |
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PAID-UP
CAPITAL |
HKD 20M |
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BUSINESS LINE |
IMPORT
& SUPPLY OF DIAMOND & GEMSTONES |
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TURNOVER |
NA (AS OF DEC. 31, 2003) |
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EQUITIES |
NA (AS OF DEC. 31, 2003) |
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PAYMENT |
AVERAGE |
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RECOMM. CREDIT RANGE |
FAIRLY LARGE AMOUNT |
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MARKET CONDITION |
COMPETITIVE |
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FINANCIAL CONDITION |
STABLE |
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OPERATIONAL TREND |
FAIRLY
STEADY |
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GENERAL REPUTATION |
AVERAGE |
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EXCHANGE RATE |
HKD
7.8282 = USD1 AS OF 2007-01-11 |
Adopted abbreviations
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M – million
HKD – Hong Kong Dollars
SC is a private limited company registered under incorporation file no. 709126 on 20-3-2000.
SC's shareholders & directors are shown to be as follows:
Shareholders (as at 20-3-2004) Number of shares held
Mehta Nimesh Piyush 5,000,000
Mehta Rajul Nimesh 5,000,000
Mehta Romy Piyush 5,000,000
Mehta Vimesh Piyush 5,000,000
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20,000,000
========
Directors (as at 20-3-2004)
Mehta Nimesh Piyush / P1463369
Mehta Priti Romy / R1517472
Mehta Rajul Nimesh / P1958643
Mehta Romy Piyush / R1489363
The above registration information is based on SC's annual return filed at Companies Registry within the last 2 years.
Partial change in SC's directorship as follows:
Name(s) of resigned director(s) Resignation date
Nil Nil
Name(s) of newly appointed director(s) Appointment date
Mehta Priti Romy 30-6-2003
Change in captial : Authorised capital was increased from HKD 15M to the present amount on 14-11-2003 with the creation of 5M shares of @ HKD 1.-. Paid-up capital: HKD 20M.
Shares allotments on 14-11-2003:
Allottee(s) No. of share(s)
Mehta Nimesh Piyush 1,250,000
Mehta Rajul Nimesh 1,250,000
Mehta Romy Piyush 1,250,000
Mehta Vimesh Piyush 1,250,000
Shares transfers :
Date No. of shares Transferor(s) Transferee(s)
10-11-2003 1 Romvin Holdings Inc. Mehta Rajul Nimesh
Change of business address : SC moved to the heading business address from Rm 706, 7/F, Carnarvon Plaza, No.20 Carnarvon Rd., Tsimshatsui, Kln., HK in Sept. 2004.
SC has 3 business names as follows:
- Diasqua (HK)
- Diaglobe (HK)
- Diajewel (HK)
Total number of employees : 10.
Location : Maintaining its office & workshop at the heading business address which occupies a gross area of 3,000 square feet at an industrial building in an industrial district.
Condition inside the premises during our visit : Normal.
Office/factory layout : Standard.
Property ownership : Current land search indicates the ownership details of the captioned premises as follows:
- Owner(s) : SC
- Date of purchase & consideration : 15-4-2004 / HKD 20,180,000
- Date of mortgage & secured amount : 15-4-2004 / ANS
- Mortgagee : DBS Bank (HK) Ltd.
This section will contain the civil litigations & winding-up petitions filed against SC for the last 6 years (as stored in our database), and the mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of such mortgages/charges by an unlimited co is not required to be registered in the public records.
Civil litigation/winding-up petitions : None in our database.
Mortgage/charge record(s) : (X) see below ( ) see per attached
Creation date : 16-7-2003
Charger(s) : SC
Chargee(s) : Antwerpse Diamantbank NV
Secured amount : ANS
Charge particulars : Debenture
Creation date : 15-4-2004
Charger(s) : SC
Chargee(s) : DBS Bank (HK) Ltd.
Secured amount : ANS
Charge particulars : Mortgage (4/F & CPS No. P32 & P33, Lower
Basement, Guardforce Ctr., 3 Hok Yuen St. East,
Hunghom, Kln., HK.)
Creation date : 7-9-2004
Charger(s) : SC
Chargee(s) : DBS Bank (HK) Ltd.
Secured amount : ANS
Charge particulars : Charge on Cash Deposits
Note : In Hong Kong, documents of mortgages satisfaction (discharge) are not compulsorily submitted to Companies Registry. Thus, some of the mentioned mortgages may have been satisfied.
Mortgage Index
Year(s) in which mortgage registration(s) are filed: 2003, 2004
Year(s) in which mortgage satisfaction record(s) are filed: 2004
Mehta Nimesh Piyush, director: In his 50's & married. He is by Israeli nationality. Moved to HK from Israel in his 30's. Currently active in SC's day-to-day operations & is responsible for its management.
Registered residential address: Flat B2, 20/F, Greenfield Terrace, 26 Homantin Hill Road, Kowloon, HK.
Property ownership: Current land search indicates the said premises ownership as follows:
- Owner(s) : Mehta Nimesh Piyush & Mehta Rajul Nimesh
- Date of purchase & consideration : 1-8-2000 / HKD 4.8M
- Date of mortgage & secured amount : 30-10-2003 / ANS
- Mortgagee : Bank of China (HK) Ltd.
Credit history check : This refers to a check of our database whether the said person has been involved in any of the following records stored by us within the last 6 years:
Bankruptcy/winding-up petitions : None in our database
Delinquent payment records : None in our database
Debt collection records : No overdue amount owed by the said
person was placed to us for collection
Civil litigations : (X) see below ( ) see per attached
Date : 26-8-1999
Defendant(s) : The said person
Plaintiff(s) : Commissioner of Inland Revenue
Cause of claims : Tax
Claimed amount : HKD 127,785
Date : 5-10-1999
Defendant(s) : The said person
Plaintiff(s) : Commissioner of Inland Revenue
Cause of claims : Tax
Claimed amount : HKD 12,778
Mehta Rajul Nimesh, director: In her 40's & married. She is by Israeli nationality. Currently active in SC's day-to-day operations & is responsible for its management.
Registered residential address: Same as Mehta Nimesh Piyush.
Credit history check : This refers to a check of our database whether the said person has been involved in any of the following records stored by us within the last 6 years:
Bankruptcy/winding-up petitions : None in our database
Delinquent payment records : None in our database
Debt collection records : No overdue amount owed by the said
person was placed to us for collection
Civil litigations : (X) see below ( ) see per attached
Date : 14-11-2003
Defendant(s) : The said person
Plaintiff(s) : Lam Ting Ho Paul
Cause of claims : Motor claims
Claimed amount : ANS
Ownership background appraisal
Rating : 2 Obtained scores : 65 (see explanatory notes below)
Keys : 1 : scores 81-100 : Excellent
2 : scores 61-80 : Good
3 : scores 46-60 : Average
4 : scores 21-45 : Fair
5 : scores 01-20 : Poor
The rating indicates the personal financial & operational strength of SC's major principals. It is calculated from a composite of scores obtained from the following 5 factors which carry equal weight in our analysis:
Personal financial strength, credit history & trade reputation, business experience & track record, market connection and management skill.
Business categories
SC is engaged in supply & import of diamond & gemstones.
Items available include marquise, pears, tappers, brilliants, ovals, briolettes, diamond, etc.
Principal purchases
Major types of sourcing : Merchandise
Local--type of suppliers : Nil
Buying terms : Nil
Overseas--supplying countries : Israel, India, Thailand, Russia & Belgium
Buying terms : L/C
Principal market
Local--type of customers : Manufacturers & retailers
Selling terms : COD & credit of 30 to 45 days
Overseas--buying countries : PR China
Selling terms : L/C
SC is not known to have any subsidiary at
present
Overall payment appraisal
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and ability to pay. It is based on the 3 weighed factors: Trade payment experience (through current enquiry with SC's suppliers), our delinquent payment records and our debt collection record concerning SC.
Delinquent payment record
None in our database.
Debt collection record
No overdue amount owed by SC was placed to us for collection within the last 6 years.
Banking relations are maintained principally with: Bank of China (HK) Ltd. & DBS Bank (HK) Ltd.
Upon a current contact, SC's principal(s) declined forwarding any
financial information on the ground that SC is a private venture whose data is
not required for public inspection.
As per current co. search, total amount of indebtedness of SC in respect of all mortgages and charges which are required to be registered with Companies Registry as at 20-3-2004 was nil.
From all indications, SC is believed to have made a steady and successful trend of development. Credit in the range of moderate to fairly large amount can be considered.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted indicate that SC was not involved in any property transaction (both purchase & disposal) in Hong Kong for the last 6 years.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable
to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |